Hyperliquid's $7B USDC Reserve Set to Fuel Massive Buyback of hyperliquid:native

Approximately $7 billion in USDC is currently sitting on Hyperliquid's platform.

This USDC will soon become a 'pure buyback machine' for hyperliquid:native, according to KuCoin. The funds will be used to purchase and burn hyperliquid:native tokens.

The revenue generated from the AQAv2 token will go directly into the Assistance Fund, which will use it to buy back and burn hyperliquid:native tokens.

This process is set to start on August 26th, with payouts beginning on October 3rd. No trading volume is required to earn interest on this investment.